Key Takeaways Microsoft stock rose 7.6% on Thursday, its second-biggest post-earnings jump since 2015.Cloud-computing revenue at the company surged to $27 billion, driven by faster-than-expected growth in the company's AI and cloud platform,

Microsoft’s third-quarter report contained “every element needed to dissipate various concerns,” according to Bernstein analyst Mark Moerdler. Perhaps the most visible positive was Microsoft’s Azure cloud-computing growth,

U.S. stocks open higher, boosted by strong earnings from Meta and Microsoft. Apple and Amazon are due to report after the close.